AMBO: Ambow Education Shares Sink After Licensing Agreement Announcement

3 days ago

Ambow Education (AMBO, Financial) experienced a significant drop in its stock price, falling 18.91% to $3.26 in pre-market trading. This follows a previous surge of 226.83% in the last trading session.

The company's stock movement comes on the heels of a new announcement. Ambow Education has signed a $1.3 million non-exclusive, annually renewable licensing agreement with Inspiring Futures Pte. LTD. This deal permits Inspiring Futures to produce and sell the HybriU AI UniBox, a comprehensive AI-driven plug-and-play educational solution, in international markets.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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